Alberta Stock Exchange Siam gets Thai bet

Still, if you can’t capture the interest of the investing public in Canada there are lots of other countries to go to, like Thailand for example.

According to a report in a well- known Toronto business weekly, John Woods, the President of Siam Trading Ltd. is attempting to be the first offshore company to win a gold mining license from the government of Thailand.

Apparently Siam has acquired surface and mineral rights to a property in northern Thailand where drill intersections have assayed as high as 0.64 oz and 0.90 oz gold per ton. However, Siam remained reasonably quiet, gaining only 1 cents before closing at 52 cents .

With a hefty, by current standards, 693,700 shares changing hands Gallery Gold Mines was the clear volume leader. It was up 7 cents before closing at 17 cents .

Last year, Gallery entered into an agreement with Silvera Resources to acquire some placer mining leases in British Columbia’s Caribou mining district. But The Northern Miner isn’t aware of anything that would cause the company’s share price to increase.

It didn’t trade this week, but Tarzan Gold and partners Cross Lake Minerals and Glen Auden Resources recently completed a detailed electromagnetic survey over their 108-claim property in Quebec’s Lac St. Jean area.

According to the partners, two important conductors have been outlined, one of them 600-m long. Both conductors have a direct magnetic correlation and are interpreted to be caused by massive sulphides, said Tarzan President Rick Middleton.

No news appears to have been bad news for Marshall Minerals which gained 10 cents last week on a rumor that a second bidder has entered into negotiations to take ore from Marshall’s Restigouche base metal property in New Brunswick.

When last heard from, Marshall and East West Caribou Minerals were fine tuning an arrangement in which Marshall would mine and deliver ore from Restigouche to East West’s mill in Bathurst.

Heath Steel Mines, a company set up by Brunswick Mining and Smelting to operate the former mine of the same name, was believed to be the bidder. But no further announcements have been made and Marshall dropped back 9 cents to close at $1.50.

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